Amara Holdings looks to raise $200m

23 October 2008
Amara Holdings, a newly formed Sharia-compliant investment vehicle, has begun speaking to GCC investors to raise $200m to fund its prospective investments.

Meetings are scheduled to take place in Saudi Arabia, Kuwait, Qatar, the UAE and Bahrain, and the firm says it regards the current crisis as an opportunity to make investments at low valuations.

The company was formed by Dubai’s Newhaven Investment House in early October to invest in private equity and private placements in China, India and the Middle East, in sectors ranging from agriculture, consumer goods, real estate and industry.

The owners of the company also plan to list the firm on London’s Alternative Investment Market (AIM).

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